Updates to Conditions for Initial Advance Sample Clauses

Updates to Conditions for Initial Advance. To the extent that since the date of the immediately prior Project Advance, Borrower has entered into any new (or amended any existing) Project Documents, Architect Agreements, Developer Agreements, Construction Manager Agreements, General Contractor Agreements, Engineer Agreements or Major Trade Contracts with respect to the Project, Lender shall have received true, correct and complete copies of such documents, agreements and/or amendments, in each case in form and substance reasonably acceptable to Lender and Construction Consultant if and only if Lender has approval rights with respect thereto under the terms of this Agreement, and any new Architect, Developer, Construction Manager, General Contractor, Engineer or Major Trade Contractor shall have delivered to Lender a duly executed and completed Architect Consent, Developer Consent, Construction Manager Consent, General Contractor Consent, Engineer Consent and/or Major Trade Contractor Consent, as applicable. Borrower shall have also updated the list of Trade Contracts set forth in Section 3.1.7(j), if applicable.
Sample 1
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Related to Updates to Conditions for Initial Advance

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to Initial Advances The obligation of each Bank to make its initial Advance on or after the Closing Date is subject to the conditions precedent that (i) all principal, accrued interest, fees, expenses, costs and other amounts outstanding under the terms of each of the Prior Agreements, accrued to the Closing Date, shall have been paid, and the commitments of the lenders thereunder to extend credit shall have terminated, (ii) the Agent shall have received, for the benefit of the Banks, the one time upfront fees due and payable on the Closing Date pursuant to the Joint Fee Letter and (iii) the Agent shall have received on or before the day of the initial Borrowing the following, each dated the Closing Date, in form and substance satisfactory to the Agent and in sufficient copies for each Bank:

  • Conditions for Advance and Conditions to Closing Section 7.1

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions Precedent to Initial Loan The obligation of Lender to make the initial Loan is subject to the condition precedent that Lender shall have received, in form and substance satisfactory to Lender, all of the following:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions to Initial Advance Lenders will have no obligation to fund the initial Revolving Loan Advance or any subsequent Revolving Loan Advance unless:

  • Conditions Precedent to Disbursement The following conditions must be satisfied before the Loan is disbursed to Borrowers:

  • Conditions Precedent to Purchase The Purchase under this Agreement is subject to the conditions precedent that (a) Buyer shall have received on or before the date of such purchase those documents listed on Schedule A and (b) all of the conditions to the initial purchase under the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof.

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